Gateway Fund

Gateway Trust · 5 share classes

Actively managed U.S. equity fund
One fund, 5 share classes:GATEXGTECXGTEYXGATTXGTENX
$7.30B NAV
211 positions · as of 2026-06-30 · filed 2026-08-28

Fund classification

Classified from what the fund holds · as of 2026 Q2

Gateway Fund is an actively managed U.S. equity fund. 19% of GATEX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 97% of the fund’s equity).

Asset class
Equity
Region
United States
Management
Actively managed
Fund type
Open-end fund

Fund profile

As filed in the prospectus · 2026 Q2

The Fund seeks to capture the majority of the returns associated with equity market investments, while exposing investors to less risk than other equity investments.

Strategy · summarised

The fund holds a diversified U.S. stock portfolio of 200 to 400 stocks selected via quantitative model to track broad market indices while supporting its options strategy, and continuously sells index call options on the full portfolio value to generate premium income while capping upside potential; it also purchases index put options to provide downside protection. The fund's volatility is intended to approximate that of intermediate- to long-term fixed-income securities rather than equities, though it remains significantly less vulnerable to interest rate fluctuations than bond or hybrid funds.

Expenses
0.65% 1.70%across 5 share classes
Share classGrossNetAs of
GATEX0.97%0.94%2026 Q2
GTECX1.73%1.70%2026 Q2
GTEYX0.73%0.70%2026 Q2
GATTX0.98%0.94%2025 Q2
GTENX0.65%0.65%2026 Q2

Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.

Portfolio turnover 17.00% · as of 2026 Q2

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

99.84%
of net assets
Stocks98.66%
Cash & short-term1.93%
Derivatives-0.75%

The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.

Derivatives are shown at market value, not notional exposure.

Sector allocation

The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2

100%
of net assets
Information Technology35.4%
Financials12.3%
Communication Services9.7%
Industrials9.6%
9 smaller33.1%

Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).

Portfolio growth profile

How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2

Revenue growth
19%of stock holdings in top-quartile growers
covering 97% of the fund’s equity
Earnings growth
24%of stock holdings in top-quartile growers
covering 91% of the fund’s equity

Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 43 new35 exited

Largest new: Seagate Technology Holdings PLC, HONA, AAL, INTU, MEDP, OKTA, TLN, SNOW

Largest exited: SCHW, QCOM, BKNG, IBM, GE, CRWD, CDW, A

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

Share class1-year3-year5-yearVolWorst fall
+15.92%+39.58%+38.77%7.51%-4.11%
+15.07%+36.50%+33.68%7.52%-4.36%
+16.20%+40.66%+40.52%7.53%-4.08%
+16.25%+40.84%+40.83%7.53%-4.07%

These classes hold the same portfolio, so the 7.15pp spread over 5 years is the cost difference between them — roughly 1.43pp a year — not a difference in what they own.

Cumulative return· Jul 2023 – Apr 2026

May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
NVIDIA CorpNVDA7.71%$562.46M
Apple IncAAPL6.83%$498.08M
Microsoft CorpMSFT4.74%$345.79M
Alphabet IncGOOG4.57%$333.80M
Amazon.com IncAMZN3.96%$289.28M
Broadcom IncAVGO2.94%$214.81M
JPMorgan Chase & CoJPM2.16%$157.62M
Meta Platforms IncMETA2.11%$153.74M
Micron Technology IncMU2.09%$152.28M
Fixed Income Clearing Corp.1.93%$140.95M
Showing 10 of 211Sign in to see more

Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.

Top 10 positions are 39.04% of net assets, top 25 59.16%, across 210 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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